Quality counters under pressure

SEMBCORP MARINE ($3.78) - Accelerated decline

- Prices are experiencing an accelerated downtrend

- Temporary rebound may materialise

- Resistance is at $3.84

- Earlier breakdown indicated target of $3.60

SEMBCORP INDUSTRIES ($5.22)

- Experiencing a temporary rebound

- Resistance is at $5.25

- Counter has not bottomed and likely to drift sideways and lower

- Support is at $5

COSCO CORP (68 cents) - Set for bounce

- Appears to have found support at 64 cents

- Rebound is imminent with resistance at 72 cents and 75 cents

STARHUB ($4.13) - Temporary rebound in force

- Temporary rebound is underway

- Resistance appears at $4.16

- Decline is likely to resume soon with support at $4.02

WILMAR INTERNATIONAL ($3.13) - Continues to drift lower

- Price broke below twice tested $3.14 level

- This is providing resistance as counter rebounds

- Next support is at $3

PACIFIC CENTURY REGIONAL DEVELOPMENTS (26.5 cents) - No follow-through

- Current level of 27 cents represents a high

- Prices may ease from here

- Support is at 26 cents

(Source:  TheEdgeSingapore September 29 2014)